Business – Page 196 – THE OVAL CIRCLE

China may test digital yuan on country’s biggest food delivery app

Posted on July 15, 2020July 15, 2020By Editor

The People’s Bank of China may test its sovereign digital currency on a popular food delivery service run by Meituan Dianping, a platform with 450 million users in hundreds of cities across the country. … Read More >China may test digital yuan on country’s biggest food delivery app

Business

China shows ‘indication of accelerating economic recovery’ as exports & imports grow for first time since Covid-19 pandemic

Posted on July 15, 2020July 15, 2020By Editor

China’s customs data beat expectations of decline on Tuesday, showing that exports and imports grew significantly in June. The positive data comes as restrictions eased and countries started reopening their economies. … Read More >China shows ‘indication of accelerating economic recovery’ as exports & imports grow for first time since Covid-19 pandemic

Business

US swaps Venezuelan fuel oil for Russian products

Posted on July 15, 2020July 15, 2020By Editor

The United States has been raising its imports of fuel oil from Russia over the past year and a half after the US imposed sanctions on Venezuela’s exports, Reuters reported on Monday, quoting data from Refinitiv Eikon. … Read More >US swaps Venezuelan fuel oil for Russian products

Business

Russia now makes more money from gold than natural gas exports

Posted on July 15, 2020July 15, 2020By Editor

Russia’s surging gold exports have for the first time exceeded exports of natural gas, data from the Federal Customs Service and the central bank (CBR) shows. … Read More >Russia now makes more money from gold than natural gas exports

Business

Facebook Reportedly Catered to Advertisers via Secret ‘Councils’ to Keep Them Loyal

Posted on July 14, 2020July 14, 2020By Editor

Over 1,000 advertisers, including major brands like Coca-Cola, Unilever, Pfizer, Target, Microsoft, and Ford, have cancelled their partnership with the social media platform over its alleged inability to handle hate speech issues by effectively removing content that is deemed offensive. … Read More >Facebook Reportedly Catered to Advertisers via Secret ‘Councils’ to Keep Them Loyal

Business

Russia supplies first shipment of Arctic oil to China

Posted on July 13, 2020July 13, 2020By Editor

Russian energy giant Gazprom Neft has started supplying crude from its Novy Port Arctic oil field to China. The first batch amounting to 144,000 tons of crude was delivered to Yantai port, the company announced. … Read More >Russia supplies first shipment of Arctic oil to China

Business

Fed creating stock market bubble by printing trillions of dollars in coronavirus relief

Posted on July 13, 2020July 13, 2020By Editor

The $3 trillion rescue plan by the US Federal Reserve to limit the economic damage from the Covid-19 pandemic is fueling excesses across US capital markets, investors say. … Read More >Fed creating stock market bubble by printing trillions of dollars in coronavirus relief

Business

China’s 5G phone shipments see ‘explosive growth,’ gaining larger share of mobile phone market

Posted on July 13, 2020July 13, 2020By Editor

Shipments of 5G phones in China reached 17.51 million units last month, according to data from the China Academy of Information and Communications Technology (CAICT). … Read More >China’s 5G phone shipments see ‘explosive growth,’ gaining larger share of mobile phone market

Business

Russia starts building world’s largest & most powerful nuclear icebreaker for Arctic sea voyages

Posted on July 12, 2020July 12, 2020By Editor

Russia’s Zvezda shipyard has begun construction of the first Leader-class nuclear icebreaker, according to Rosatom subsidiary Rosatomflot. The flagship vessel will be named ‘Russia’. … Read More >Russia starts building world’s largest & most powerful nuclear icebreaker for Arctic sea voyages

Business

China set to fall short on US energy purchases

Posted on July 12, 2020July 12, 2020By Editor

China and the US agreed under phase-1 of the trade deal that the Asian nation would buy some $26 billion of US energy this year, but China is unlikely to meet that goal. … Read More >China set to fall short on US energy purchases

M	T	W	T	F	S	S
1	2	3	4	5	6	7
8	9	10	11	12	13	14
15	16	17	18	19	20	21
22	23	24	25	26	27	28
29	30